Safekeeping

The MIMICS Safekeeping module assists with the daily processing and operations of custodians, including handling receipts/purchases, withdrawals/redemptions, interest, mortgage-backed security principal pay-downs and interest, stock dividend payments, partial calls and puts for bonds and all payment features and corporate actions for other securities. Prices and factors can be imported from data providers. It handles sub-accounting for downstream banks/organizations, and can automatically produce accounting entries and ACH/GL exports to your core processing system. The system can prepare 1099s and other tax documents for your customers and the IRS. The system automates the calculation and invoicing of safekeeping fees per your configured options.

Highlighted Features

Tracks all customer details and preferences; allows user to set hard-dollar or soft-dollar fee schedules by individual customer; fees may be flat, by receipt, by certificate or by amount of par, as well as periodic maintenance fees

Facilitates the entry of the receipt of securities for your customers

Handles all interest calendars and payment schedules, as well as rate types such as fixed, graduated, pegged, reset at payment and variable

Processes mortgage-backed securities and related securities; paydowns can be by actual amount or by factor, with interest calculated according to assigned delay

Handles all forms of discount securities including maturity processing

Supports common stock and other unitized investments, with dividend processing; handles splits, mergers and other corporate actions

Allows securities to be pledged in whole or in part, and pledging can be split among several pledgees; mortgage-backed securities are pledged by current par

Prepares and prints various tax forms such as 1099s for your customers; creates tax reporting in electronic IRS format

Allows for user-defined accounting rules that will prepare accounting entries for interface to any general ledger or core processing system; ACH format exports included

Interfaces with all MIMICS software, including CRM, Repos and Back Office, as well as pricing, factor and other interfaces

Ready to Learn More?

Add-On Module Options

CRM

Centralize and manage all aspects of client communications including sales/marketing campaigns, and history of service across multiple MIMICS modules. Read More ^

Disaster Recovery

Ensures that your data and system is protected and can be fully accessed or restored in the event of catastrophe. Read More ^

Email Option

Allows customer forms such as confirmations and statements to be encrypted and emailed automatically. Read More ^

Customer Web Portal

A customized web interface that allows your customers to view history and to place requests, with the look and aesthetics to match your own website. Read More ^

Direct Data Connection

Allows secure, read-only access to aspects of the database of the related MIMICS module, for data mining or to allow you to create your own reports or exports. Read More ^

Accounting

Includes functionality for general ledger, accounts receivable/payable, fixed assets, payment processing, purchasing and account reconciliation. Can interface with any other MIMICS module. Read More ^

How Our Software Helps You

User Experience

You deserve better financial software. We have been thoughtfully crafting intuitive, easy-to-use software for decades to give you more of what you want, less of what you don’t.

Customization

Software should not be one-size-fits-all. We take the time to get to know what makes you you, so that we can customize our software to offer a product that is exactly to your specifications and intuitively easy to use.

Boost Productivity

Our software does much of the “heavy lifting” of calculating, processing and automating to help greatly boost your productivity, streamline workflow operations and get you moving at optimal efficiency.

Save Money

Beyond the labor you will save with the wide-ranging functionality our software provides, our customizations give you more of what you want for a lower price than our competition.

Secure Your Data

We respect the sensitive nature of your information. That’s why we offer industry-exceeding security, including fully-encrypted databases and data tokenization.

Unparalleled Support

We truly pride ourselves on our friendly, responsive customer support, day or night. We love our customers and strive for 100% client satisfaction. But don’t take our word for it; read what our actual users say.

About Us

Factoring (also known as invoice factoring) has gained popularity as a growth area with new potential revenue streams for financial institutions. Factoring is a transaction where a financial services company (the factor) buys accounts receivable invoices from various companies that, for cash flow...

Internet fintech platform bobsguide has named MIMICS one of the top 10 providers of mutual fund software. Part of the Trust engine of software, the MIMICS Mutual Fund Admin module is a powerful tool to help organize and simplify the processing requirements for mutual fun...

When The Fed increased rates on June 13 for the second time this year, they left the door open to more rate hikes before the end of the year, and opened the proverbial can of pundit worms. How many more raises will come? How high will they go? Will the economy continue to grow? What is sustainabl...

May, 2017. I’m just back from vacation. The water-cooler updates now over, I settle my lumbar into my ergonomic chair, crank some Viking metal on the headphones and show no mercy to the five-day pileup of emails. I plow through them with a fierce, focused fluidity, taking no prisoners. Somewhere ...

If you’ve ever crossed the threshold of any store, restaurant or general place of business in Japan, you’ve undoubtedly heard this ubiquitous greeting shouted in your general direction. Translated literally, it is the imperative honorific form of to be/to come/to g...

MIMICS Management Team

Lincoln

CEO / President

Rich

Founder

Hanumanth

Project Manager

Mallik

Programming Manager

Joe

Web Development Manager

Pavani

Customer Support Manager

Madhu

Testing Manager

Josh

Operations

We are very happy with the MIMICS product that we are currently using. Our staff is very complimentary of the customer service there, as well as the response time.

- Kim S, Commercial Bank Client Since 2009

We are happy with MIMICS. The Repo system we use has been very stable and customer support is readily available if needed.

— Tom C, Commercial Bank Client Since 2012

Software is very customizable, allowing us address needs and changes as they arise.

— Kareem C, Central Bank Client Since 2004

The method used prior to MIMICS' installation in 2004 was a manual ledger. I'd say 100% increase in efficiency!

- Vickey D, Commercial Bank Client Since 2004

After working with MIMICS for over 15 years, I can honestly say their customer service is above and beyond expectations. Whether working on an upgrade to an existing product or requesting an additional service, the response time is exceptional. The staff is always pleasant and accessible!

— Stacey R, Commercial Bank Client Since 2005

[MIMICS Item Collections system is] a top-of-the-line domestic item collections software that we not only use for form printing, but also to balance to our general ledger account…we are very pleased with the quality of the product and the service we receive.

— Lydia W, Commercial Bank Client Since 2003

Since 2004, the Central Bank of The Bahamas has engaged MIMICS to develop several solutions to automate the processing of dormant accounts, to integrate cash management activities with straight-through processing capabilities, and to provide bondholder accounting for its registrar activities. Through the automation of these activities, the bank has achieved greater efficiency in its operations, with the desired audit trails.

The Bank is pleased with the quality of service support delivered by MIMICS and its demonstrated commitment to ongoing product enhancement in a cost-effective manner.

- Wendy C, Central Bank Client Since 2004

Saves on time both tracking collections and paying collections. It takes me about 5 minutes every time it is used, compared to 30 to 1 hour-plus by hand.

— Tracy W, Commercial Bank Client Since 2003

The system is very efficient for our daily use. It functions exactly the way we need it to.

- Sue S, Commercial Bank Client Since 2007

The Repo software completely automates the pledging of securities to our sweep customers and communicates to these customers their daily positions.

— Sammi P, Commercial Bank Client Since 2016

Customer service is fantastic!

— Tanner E, Commercial Bank Client Since 2006

Born of the simple idea that your software should do exactly what you need it to do, MIMICS has been making customized financial software solutions since 1976. We craft systems that interface seamlessly with one another as well as with third-party programs to make your business operations run at optimum efficiency. Dedicated to customer satisfaction, we offer remote or on-site installations, trainings and outstanding people support. We are a company built on ingenuity and fueled by possibilities.

MIMICS Operating Principles

Customers first.

We appreciate that without our customers, we would never have made it this far, and we will never take them for granted now or in the future. Ensuring that our customers are always well taken care of is a founding principle of this company, and we will continue always with a customer-first state of mind.

We are one, not many.

We work hard to create a workplace that encourages inclusion, collaboration, respect and open communication. We have fun together. We listen to one another. We work hard, but maintain a good work-life balance. We always treat ourselves and customers with respect, and have no tolerance for intolerance or discrimination in any form. We support, we help, we drive one another to succeed.

Innovate, not re-create.

We strive to be leaders of the financial software industry. To us, this means thinking ahead, challenging and pushing ourselves to be better, to do more. Asking questions like ‘How can we make this better for our customers?’ Trying new things and taking chances. We don’t want to keep up with technology, we want technology to follow our lead.

We value integrity.

We want our actions to match up with our core beliefs on a daily basis. We also understand the many facets of integrity, from product design, to delivering customer satisfaction as promised, to acting financially responsible. Our reputation has been built on integrity, and we will continue to bolster it with thoughtful intentions and actions.

How can MIMICS help my business?

All of our software is fully customizable, and we work with you personally to tailor our programs to meet the individual needs of your business. Our software will save you time and labor and increase your company’s overall efficiency.

Why should I choose MIMICS and not Brand X?

We have been creating software solutions for our clients for forty years now, continuously evolving to meet the demands of an ever-changing technoscape. We offer more functionality and customizations than our competitors, at a competitive price. And our product support and customer service are second-to-none.

I’m worried about my data being compromised. What kind of security does MIMICS offer?

We appreciate that our clients often work daily with sensitive information, and the privacy and security of your data is our top priority. We offer SSL (Secure Sockets Layer) and a highly-encrypted database that exceeds industry standards. Also, vulnerable data such as Tax IDs and SSNs are only hosted locally and NEVER reach our database.

I’m not very tech-savvy. How easy is the software to use?

We design our products with our customers in mind, making sure they are user-friendly and intuitive. We also full give full tutorials at installation, and our customer service team is always available to help.

I see that you are U.S.-based. I live in _________. Can your software work within my nation’s laws and regulations?

Yes! We have clients all over the world, and we can customize any of our programs to be in full compliance of local statutes.

How much does it cost?

Due to the customizable features, it is virtually impossible to say until we have a better idea of what your needs are. Of course we are more than happy to provide free detailed quotes once we have more information. Annual maintenance fees, as a rule of thumb, are approximately 15-20% of the license fees. Please contact sales@emimics.com or fill out our contact card on the site.

How long before I can use the new software?

This will vary depending on the programs commissioned, the data conversion, specified customizations, interfacing and accounting specifications unique to you. After we have a good idea of what you want, we can give you a more specific quote, but the average is around 60 days.

Can I see a demonstration of how it works?

Absolutely! We offer live online demonstrations via Webex, and can schedule one at your convenience. We also offer on-site demonstrations at any of our offices, and remote demonstrations if you prefer. For any one of these options, please fill out our online contact card, or email us directly at sales@ememics.com.

I read the testimonials, but could I contact a client directly if I have specific questions?

Of course! Due to the variety of specific arenas we operate in, we would just want to make sure we have enough information so that we can put you in touch with an appropriate client. Please contact our sales team at sales@emimics.com to facilitate.

I like what I see. So how do I get started?

Great! You can contact us in whichever manner is most comfortable for you. We would just like some initial information as to your specific needs and goals, and we can go from there. You can contact us via phone, email, or simply fill out the contact card here on our site and we will be in touch shortly.

We’d love to show you how our software can help you in action. Demonstrations can be tailored to scenarios of your choosing with specifications unique to your needs. They are done online, recorded for your reference, and take about 1 hour. Contact us to set one up today!